AS PRFoods has approved the borrowing of the six-year investment loan in the
amount of one million euros from the Rural Development Foundation by its
subsidiary Osaühing Vettel under the measure ?COVID-19 loan to bio- and rural
enterprises" (aid measure 3.3). The interest rate of the loan will be 2.5% for
the first two years and 4.5% thereafter. The investment loan shall be used for
automatization of the factory of Osaühing Vettel in Saaremaa. The loan is
secured by a mortage and a commercial pledge on the assets of Osaühing Vettel to
the following rankings of existing creditors and a 100% guarantee from AS
PRFoods.
Indrek Kasela
AS PRFoods
Mermber of the Management Board
T: +372 452 1470
investor@prfoods.ee (mailto:investor@prfoods.ee)
www.prfoods.ee (http://www.prfoods.ee)
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